The design work involved for Balanced: a DeFi platform on the ICON Network.
Jan. 13, 2020 ~ Jan. 31, 2021
What is Balanced?
Balanced is a DeFi platform that uses ICX as collateral to create tokens pegged to real-world assets. The first token will be ICON Dollars (ICD), which is pegged to USD, and will be the first crypto-backed stablecoin on the ICON Network.
Balanced functions as a DAO (decentralised autonomous organisation) that incentivises people to participate in exchange for Balance Tokens. Balance Token holders can participate in governance, choose where to delegate the ICX collateral, and earn rewards from fees generated by the network.
Who works on Balanced?
Balanced is a collaborative project between ICX_Station, iBriz-ICONOsphere, Mousebelt, and PARROT9. This project entry focuses on the work provided by PARROT9.
PARROT9's role in Balanced
As the design team for Balanced, our goal is to make it the best DeFi platform in the blockchain space. To do that, we need to make it as easy to use as possible. We want people to be able to sign up for Balanced and take out a loan within their first minute of using the platform.
Our responsibilities for Balanced include:
- Interface design
- Clickable prototype
- Front-end code (HTML & CSS)
- Support materials
And we'll continue to support Balanced, including the design of new features and functionality, far beyond the initial launch of Q1 2021.